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Search Results 0 to 49 of about 90 (some duplicates have been removed)
CBS
Dec 10, 2012 12:00pm EST
hopeful but little progress was made. if they can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up and across the board spending cuts will kick in on january 1. economists say that combination could plunge the country back into a recession. there are signs some republicans are now willing to compromise on taxes if they can secure cuts to social security, medicare and medicaid. >> the rate increase on the top 2% that the president is talking about and all of a sudden the shift goes back to entitlements. >> reporter: one proposal under discussion, raising the eligibility age for medicare is not going well for some democrats and advocates for senior citizens. >> the option to raise the medicare age is bad policy and will increase costs because people who are 65 and 66 still need health insurance. >> reporter: the aarp says the real solution to cutting the deficit is lowering skyrocketing health care costs. danielle nottingham, cbs news, washington. >>> the official fiscal cliff deadline is december 31. but many on capitol hill say that an agreement is need
CSPAN
Dec 8, 2012 6:00am EST
parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in addition to. >> yes, in addition to. the problem with having that debate now sugge
MSNBC
Dec 8, 2012 1:00am PST
the pieces coming together on the fiscal cliff some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not clear that the republicans will agree to including a debt limit increase in that kind of package and if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration has been clear they will not sign anything. even to get past december 31st. so do you think they can hold firm on that if republicans offer them a package that doesn't include the debt ceiling? >> this is where i think the tension is now arising, which is even if you have some agreement over the tax rates which will jam the republicans a bit, can you jam them on the debt limit also, the concern will be an administration overstepping or overream reaching and trying to jam in the kinds being discussed now. i'm all in favor of getting rid of the debt limit. it makes no sense from a technical perspective. but it's probably a br
CSPAN
Dec 6, 2012 5:00pm EST
of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic to bitty for job growth compared to the unemployment rate would be measurably more than that -- for the economic unemployment -- economic opportunity for job growth compared to the unemployment rate would be measurably more than that. we are down to go to million people in the program. it is falling each year. i expect
CBS
Dec 9, 2012 11:00pm EST
:00 and what happens is a lot of yelling. >> reporter: the impending fiscal cliff could mean higher taxes on small businesses like this and reduced spending by uneasy customers, weary of another recession. >> what if we need to raise taxes? and people have less money because their taxes are raised too. >> we need to make sure too as a community we stay strong and we protect our customers and our businesses. our own little government almost. >> reporter: the donuts are so fresh that the bakery repeatedly ran out until the next batch was ready. >> i just sold my last one. >> we're not going to make anymore today. i really can't. there will be a second of them. >> what else? >> i need the food tray. >> i have one left. >> if most customers can wait patiently, at times for more than an hour, maybe just maybe even bitter fiscal cliff disagreements can be negotiated. andrea mccaren, 9news. >> wow. we've got a deadly shooting near an airport. authorities in cleveland said that a man fatally shot his wife and then fired at the second person before shooting and killing himself. it occurred this mo
FOX
Dec 7, 2012 5:00am EST
to the federal government without raising tax rates. >> going over the fiscal cliff also means the 2% payroll tax holiday would expire. it would also mean cuts in unemployment benefits for millions of families. >>> police in prince william county are investigating a sexual assault at a motel in woodbridge. this happened wednesday night. a clerk at the econo lodge says she was attacked by a map in the room. this is the third reported attack in that area in a movement. >>> now a warping for students and staff at george washington university after police say there was an attempted sexual assault on campus and a series of burglaries. the tax -- the attack in rice hall on tuesday. the burglary happened in the ivory tower hall yesterday afternoon. >>> a montgomery county high school student accused of trespassing is now charged for bringing an unloaded gun to school. police arrested the teen thursday morning at magruder high school. they are charging the teen as an adult for carrying a dangerous weapon on a high school campus. the student did not have any ammunition. >>> dozens of d.c. police officers
ABC
Dec 9, 2012 6:00pm EST
also watching as both sides inch to the fiscal cliff. not only are your taxes in the balance so are the 401ks. and today, ood holiday bonus, gas prices. we bring in bianna golodryga. you look at gas prices. write on pace to set a record. >> the average american household is expected to spend $4,000 a year on gasoline alone. and gas at 3.93 a gallon and today, take a look at this, $3.35 and by miscase time, estimates we will see 3.20. a lot has to do with post sandy. the supply is back up and the hope is that consumers will take the money and spend it shopping. >> that is the hope. and jobs number, better than expected. unemployment now to 7.7%. and bianna, people watching tonight, where are the jobs? >> that is the question. we did digging and not a surprise. retail up, $53,000 up in, and professional, hospitality and restaurants. and will it continue? they are not so sure given what is going on in washington. >> bianna, thank you. >>> in the nfl today, they were mourning their tragic loss. the dallas cowboys bowing their heads in a moment of silence to remember their teammate j
CNN
Dec 6, 2012 6:00am PST
will push back on president obama's demand for tax hikes on the rich when it comes to the fiscal cliff. but treasury secretary timothy geithner says the white house will not give in. >> no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember it's only 2%. >> geithner adds the obama administration is, quote, absolutely prepared to go off the cliff, if necessary. joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an
CNN
Dec 6, 2012 1:00pm PST
't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearly gotten its message out. i think now there has to be a next step. you know, timing is everything in politics. and this is absolutely no different. what i'm getting from talking to some democrats on the hill is i think there
CNN
Dec 12, 2012 6:00am PST
's plan does not fulfill what he calls a balanced approach to ending the fiscal cliff. tax hikes, increases, that's what he says this all amounts to for the president, increases in taxes, and he is not trying to reduce spending, and that's important to the republicans. he said for five weeks -- this is according to john boehner -- he's been reaching out to the president but the president has not given a serious proposal. then eric canter echoing those sentiments as well. and if we do go over the fiscal cliff, many in the polls will blame republicans. so after the phone call last night, this is all about messaging, trying to stem the tide of people who believe the republicans are responsible for putting us over the fiscal cliff if that, indeed, does happen. this is about messaging, this is about posturing as well, getting the message across. our dana bash is standing by and she will update us on that as well, what the president said and what the republicans said behind the scenes. >>> we're also following details of that deadly mall shooting in portland, oregon. panicked shoppers
CNN
Dec 10, 2012 11:00am PST
on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of relief?
CSPAN
Dec 4, 2012 8:00pm EST
, you are, i think, correct in the second piece of the fiscal cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that year. >> host: we'll go to jeff in tampa, florida, independent caller. >> caller: good morning, how you doing? >> host: good morning, sir. >> caller: yes, i have a question for mr. buckley, and this is more -- it may be a little generic, but something that a couple of my friends and i have talked about and just trying a basic understanding of. instead of having an income tax, has there ever been any discussion about having a national or a federal sales tax to help offset so this way everyone from the rich to the poor, everyon
CNN
Dec 11, 2012 9:00am PST
the fiscal cliff which would mean tax hikes for almost all americans but also severe cuts as well. they are debating that publicly as well as privately. i want to talk more about the rebel group that we had mention before in syria, that is now designated a new terrorist organization, cnn's hala gorani joining us atlanta. hala, first of all, you've got the syrian rebels, they're there fighting al assad's government. now the u.s. government, state department, steps in and says, a small faction of this group is considered a terrorist organization. what does that mean on the ground in syria for the rebel forces? >> well, it's hard to tell if it's going to mean anything, really. because what we're hearing now, uniformly from rebel groups on the ground after the designation by the united states of the nusra front as a foreign terrorist organization, look you can't not arm us, not finance us, and at the same time tell us not to rely on the best sort of armed and financed subgroup in the anti-assad fight. so rebel groups are saying you're putting us in a difficult position. they're having
CNN
Dec 10, 2012 9:00am PST
and focusing on the expiring tax cuts as we near this fiscal cliff. we're going to bring their remarks live as they happen. first, christine romans has a look at what it would be like he if the country let those tax cuts expire, and we go off the so-called fiscal cliff. >> reality track says one in three homes sold short. right now you don't owe taxes on the forgiven debt. on the other side of the fiscal cliff you do. it gives homeowners a tax break on unpaid mortgage debt and expires on december 31st unless congress acts. >> the average amount that homeowners are short in a short sale is $95,000. if this tax break goes away as part of the so-called fiscal cliff, those homeowners could be taxed on that $95,000 as additional income starting in 2013. >> how much homeowners will owe in taxes on that amount depending on the tax bracket they're in. on average it would be between 20 to $25,000. the banks have an extra incentive to stel short and absorb the loss. under the national mortgage settlement act that went into effect earlier this year, the nation's biggest lenders get a credit for short
FOX News
Dec 6, 2012 10:00am PST
on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to rais
CNN
Dec 5, 2012 1:00pm PST
. whether republicans should declare victory on taxes and move on. or are we all going over the fiscal cliff? let's see if we can work out a deal right here in the situation room. but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 per month, plus competitive lessees can get $1,000 toward the down payment for an even better deal. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. pre-cognitive intelligence with googlenow complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we supp
ABC
Dec 8, 2012 4:00am PST
. >> thank you, dan. >>> this morning marks 24 days before the country goes over the fiscal cliff, where everyone's taxes automatically go up. and deep spending cuts kick in. president obama is taking aim at republicans, accusing them of blocking a bill that would prevent tax rates to go up for the middle class. fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence floated. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill
CSPAN
Dec 5, 2012 8:00pm EST
on different aspects of the fiscal cliff. we want to look at capital gains tax and the estate tax. what is the estate tax? guest: it goes back to history -- it was put in place to prevent the united states from developing an aristocracy. a tax on estates that are passed down to heirs. republicans called the death tax. they have characterized it as a bad thing. it has a lot of a populist opposition to it. george w. bush signed in a phase-out of the estate tax. the top rate stays at 55%. the exemption level started rising from $1 million and going up. it was repealed completely in 2010 for one year. then it sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house wants a less generous estate tax. red-leaning states like max b
ABC
Dec 6, 2012 1:40am PST
, going off the so-called fiscal cliff means a tax hike for just about everybody who does have a job. treasury secretary timothy geithner said the president is absolutely welling to go off the cliff unless republicans agree to raise tax rates. >> there is no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. only 2%. >> reporter: on that no progress. >> where are the specifics? where are the discussions? nothing is going on. >> reporter: there have been no real talks between the white house and republicans for a week, but they say one sign of progress, the president and the speaker of the house spoke via telephone. neither side would give any details about what was said. the stock market closed higher with traders optimistic a deal will be reached. jonathan karl, abc news, washington. >> amazing a phone call can calm the markets. impressive here. what i thought was interesting. we talked how the house is scheduled to go on vacation the 14th of the month. so actually there is a tighter deadline than the 31st. apparently, house majority
ABC
Dec 9, 2012 5:30pm PST
. >>> wall street also watching as both sides inch to the fiscal cliff. not only are your taxes in the balance, so are americans' 401(k)s. and today, a holiday bonus, gas prices. we bring in bianna golodryga. the anchor of weekend "gma." you look at gas prices. on a pace to set a record. >> the average american household is expected to spend $4,000 a year on gasoline alone. remember, earlier this year, we saw gas prices at 3.92 a gallon back in april in the summertime. some places in the country, $5 a gallon. today, take a look at this, $3.35 and by christmas time, estimates say we will see $3.20 a gal don. a lot has to do with post sandy. the supply is back up and the hope is that consumers will take the money and spend it shopping. >> that is the hope. and jobs number, better than expected. unemployment now to 7.7%. and bianna, people watching tonight, where are the jobs? >> that is the question. we did some digging and here is what we found. not a surprise. retail up, 53,000 up in, and professional, hospitality and restaurants. hotels and 23,000 and health care up 20,000. the
MSNBC
Dec 6, 2012 11:00am PST
of what he had to say regarding the fiscal cliff and the threat that looms. let me play it. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says they're willing to go off the cliff if a deal is not reached on rates? >> i don't think it's a bluff. if you look at the reality of what happens, all the leverage which i -- right now clearly the white house has. they get more leverage if we go over their cliff. you can argue that would not send a good message to the country, to the world. it would prove that we are dysfunctional and cannot govern, et cetera, et cetera. in terms of dealing with the policy problem, which is you have this massive and growing debt, you have to bring in more revenues. there's multiple ways to do it, but critical ways to raise rates on the top end. it was what
FOX News
Dec 12, 2012 6:00am PST
of taxes are kicking in automatically. there is so much focus on fiscal cliff and bush tax cuts that would expire. you have investment tax. this tax. three different ones. medicare surtax, that will be taken, everybody's taxes are going up no matter what happens, right? >> they're going up through obamacare. throw the fiscal cliff which could potentially raise taxes dramatically. that is big reason we see a lot of consumers aren't spending as much. a lot of companies are not hiring. you're not seeing unemployment fall. we don't know. this $63 again doesn't sound like a lot of money. i'm not going to be surprised next couple years if we see a lot more of these fees really sneaking up on us. i love the administration, say most likely will go away unless congress extends it. how much do we see it could end up being twice as much. martha: you can't see congress going, oh, my gosh, 2017, time to bring back the $63, it's done, not going to happen? thinking around the holiday thinking but know that will not happen. martha: anyone can find an example where congress said, you know what, we shouldn'
CNN
Dec 10, 2012 6:00am PST
a deal on the fiscal cliff or else automatic spending cuts and tax hikes will kick in and with the fiscal cliff looming, our consumers feeling at all concerned? christine romans joins us now from new york with that. good morning, christine. >> good morning, ted. first, let me tell you what's going right in the economy for consumers. there's a whole host of things. the job markets, 7.7% unemployment, the lowest in four years. you've got the housing market showing signs of recovery. rising home values in much of the country. gas prices, did you notice? they're down 46 cents over the past couple of months. they're expected to keep going lower and the dow is up 20 points now. the dow is above 1,300 and the s&p 500 is up 12% this year. so, what could go wrong? fiscal cliff. this is something weighing op consumer sentiment and we're starting to see it in the weekly -- look at this -- 39% said it would affect it some. they don't seem to have much faith in congress to fix it and any time except 11th hour and maybe a week into the new year and there's this payroll tax holiday that most people have
CNN
Dec 11, 2012 1:00pm PST
dragging its feet. we have a few numbers of days left before we go off the fiscal cliff and taxes are raised for everybody. so speaker boehner knows a caucus, a serious, mature sober leader. he knows what his principles are. he's a principled conservative, a mainstream businessman and knows what the issues are. the house should and is largely trusting him. >> and what do you think about that, hilary? should the democrats trust the president to close the deal behind closed doors? >> i think democrats mostly trust the president. i don't know what mary's talking about that the president has dragged his heels. he's been trying to get congress to deal with this issue for months and months. but having said that, neither of these guys i think have the full faith and credit of their caucuses to do anything and that's what is taking so long. no democrats are pressing on the president to be careful on what he cuts on entitlements and folks like me would like to make sure that the defense cuts, you know, are substantially a part of this package. republicans, you know, are making a big deal o
FOX News
Dec 10, 2012 8:00am PST
that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to be two sides to this bargain but we're not going back to what we did in 2011. we both revenues and cuts on the table and ended up with just getting cuts because the other side wouldn't accept the revenues. >> reporter: a lot of folks on both sides feel like this is critical week. we're getting close to the end of the year. you need to give lawmakers a chance to put whatever deal it nice legislative language and sell to constituents and ultimately vote on it and hopefully send it to the president's desk. jon. jon: we'll see what happens. not a lot of time left. mike emanuel, thank you. jenna: another u.s. drone strike delivering a blow to al qaeda. we're learning about this for the very first time today. pakistani intelligence reporting the strike late last week took
CNN
Dec 5, 2012 11:00am PST
the fiscal cliff negotiations closely for what could happen next to this tax goody next year. >> here's the question i'm hearing people ask, if we go off the cliff here, how big a hit will we take on taxs? stand by, because i'm about to give you the closest answer i possibly can. to help me with that is laurie montgomery, she is the fiscal policy reporter for the washington post. so, laurie, welcome to you here. and your paper this morning, you ran through a couple of tax scenarios which were pretty palletable so we want to show our viewers what you ran through with, of course, the help from the tax policy center. let me run through two. we'll look at this first one. so everybody take a look at this graphic. this is scenario number one, married couple, two kids, one in college, combined income of $137,000. you see the numbers here, first under the democrats' plan, passed by the senate, not by the house, they would see their taxes rise 2500 bucks a year. just below that, the republican plan, passed by the house in august, would raise the couple's taxes by $4,000. and if we go off the c
CSPAN
Dec 5, 2012 7:00am EST
a fallback plan for the so called "fiscal cliff", which includes extending tax cuts for the middle class and resuming a fight over spending and taxes for the wealthy later. meanwhile, going overseas, nato makes a move on the turkish border with syria. military officials deny preparations for military intervention. protesters in egypt march on the palace as mohamed morsi flees. international and domestic news is all on the table for you this morning as we open up the phone lines. also, send us a tweet. or post your comment on facebook. or send us an e-mail. we will get back to that new york times story. first, some other headlines on the domestic front. here is the "washington times." also, sticking with the senate, the baltimore sun reporting this headline -- in politics, here is the denver post -- open phones before the first 30 minutes. we have a short show because the house is coming in at 9:00. steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to so
FOX News
Dec 7, 2012 8:00am PST
that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, jus
CNN
Dec 7, 2012 1:00pm PST
, he was putting pressure on lawmakers to come to an agreement to avoid the fiscal cliff. it was yet another white house effort to rally support around its approach to the fiscal cliff. joe biden sitting down with seven middle class americans worried about their taxes going up. >> these are hard working, serious americans who are playing by the rules, doing it all right, and struggling already in this economy. >> reporter: jobs numbers, proof the administration says that the president's economic policies are paying off. >> you see it in the retail industry, you see it in transportation. you see it in health care. and you see it in other sectors. you do see a continued movement that continues to show some positive growth. >> reporter: while cautioning the nation's economy is far from a full recovery, administration officials emphasize positive growth, suggesting it puts them in a stronger negotiating position with republicans. one senior administration official told cnn, quote, we shouldn't muck it up by raising taxes on the middle class or playing chicken with the debt ceiling. but o
NBC
Dec 10, 2012 4:00pm EST
plant, president obama stood his ground on the fiscal cliff. >> all congress needs to do is pass a law that would prehaven't a tax hike on the first $250 of everybody's income. >> the latest campaign stop had an announcement. business leaders warn this time of investment will suffer without a deal to avoid billions in tax increases and spending cuts next year. >> we have more than -- i think 103 ceos in town last week. the message was sit down, work it out. back in washington there's new momentum. yesterday p many p.m. and house speaker john boehner met one on one for the first time this year. then today staffers continued the private negotiations. the sooner the better, we all know el that. >> reporter: an increasing number of -- >> i actually amb ginning to believe that is the best route for us to take to again shift the focus where it needs to be, which is on entitlements. >> reporter: and budget experts see more democrats open to cutting social security and medicare. >> it's like, gosh, senator durbin, who is very, very close to the president, saying hey, look, on medicare, you kno
CNN
Dec 12, 2012 11:00am PST
. >>> here is where we are on the fiscal cliff talks. we are less than three weeks now from the 1-2 punch of tax increases and government spending cuts and the two sides appear to be moving farther apart. here's house speaker john boehner describing his latest negotiations with the president, just over the phone last night. >> the president and i had a pretty frank conversation about just how far apart we are. >> dana bash is our senior congressional correspondent. she s unearthed some surprising new details here about the speaker's latest offer to the president. dana, what can you tell us? >> reporter: well, we were told first earlier today by democratic source that part of the reason why that phone call between the president and the speaker didn't go so well to put it mildly is because part of the republican counteroffer they sent to the white house yesterday included a renewed call for, quote, permanent tax cuts for the wealthiest americans. now, we know that that is a nonstarter in general for the president. he said it ump team times, but the democrats at the white house felt that to
Current
Dec 6, 2012 6:00am PST
the l.a. times. fiscal cliff let's take the plunge in the l.a. times. he said the u.s. deficit and debt will fall, social security will go on unharmed and we'll go back to tax rates that were better than the current ones. what do you think? >> i certainly don't want something that will put us into a recession. that's more republican thinking. but i think ultimately pugh has a pole saying 53% of the american people will blame republicans, to which i can only imagine republicans saying, oh we're finally ahead in a poll. boner is like a slug there is a bright orange trail of cheat toe dust and bronzer leading from his office. >> stephanie: okay. here you go. >> so many people are going to part-time work and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everyt
NBC
Dec 7, 2012 6:00am EST
of sandy. they feel the unemployment rate will remain at 7.9%. they're also concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared damascus international airport a military target, warning civilians and airlines not to approach it. this comes as reports of the government preparing to use chemical weapons on the civilians there. since march of 2011, 40,000 people have been killed in the country's civil war. >>> a u.s. capitol police officer is in the hospital this morning after being hit by a car. this happened around 8:30 last night around massachusetts avenue in northeast washington. we're told the officer was hit during a traffic stop. her condition has not been released. so far
MSNBC
Dec 12, 2012 8:00am PST
violence, great to have you on. thank you, sir. >> thank you. >>> we go back to the fiscal cliff and the president's call for higher tax rates for the wealthy. republicans fighting those hikes, say that one of the victims would be america's small businesses. >> people need to call him and ask him the question are you also talking about the small business folks. >> if you look at what he's doing, as jon kyl mentioned, raising taxes on small businesses -- >> so we hear that all the time, small business, small business. but would the president's plan really take a dent out of what we think of as mom and pop shops? joining me now is glenn kesler of the "washington post" fact check. great to have you here. speaker boehner made a similar claim about small businesses recently and you guys gave him criticism on this. how many mom and pop shops could see higher taxes under the president's plan? >> it's not really a lot. in terms of -- part of the problem is the way people manipulate the data but it's only about depending how you look at it, 3% to 7% of small businesses, people would think
MSNBC
Dec 11, 2012 3:00am PST
to be done? >> i totally agree. the thing that's depressing about the fiscal cliff plan, we will change the tax code, change this, a tax on gas to help the energy industry, all this stuff has receded into the mist and all we're trying to do is get a deal and be done with this. it is sad. in the beginning of a second term, you should be trying to do big things. >> politics often gets in the way. these guys agree behind closed doors what should be done but nobody wants to step out on the ledge and say it publicly. >> right. you have a polarized congress. at this point, both sides think the other side is not on the level and they're interested in taking the partisan political position than accomplishing a bipartisan result. the good thing is high skilled immigrants. hard not to find someone on both sides that don't think you should allow folks that have expertise in science and technology into the country. instead of doing it, both sides use it as a lever in the immigration debate and keeps getting spooled up inside that debate and nothing gets done. >> haven't the republicans been passing
CBS
Dec 7, 2012 6:00am EST
, the president is hitting the road talking to families like the santanas in falls church about the fiscal cliff. the santanas, a family living with older parents say they stand to see their taxes go up by $4,000 if congress does not act now. the cliff would essentially mean the expiration of the bush era tax cuts. and that includes benefits to the middle class. everyone here on the hill agrees those families should be spared, but the president wants to raise taxes on the wealthy. republicans oppose the hike saying it would further hurt our economy. in the meantime, the president is also playing hardball on the debt ceiling. obama wants the $16.4 trillion debt ceiling to be lifted allowing for more government money to pay off medicare and tax refunds. he says without a resolution to the debt ceiling, there is no deal. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> what the president is really interested in as we learned just yesterday is getting as much taxpayer money as he can first by raising taxes on small bu
NBC
Dec 9, 2012 6:00pm EST
of the mack beeian army and the triumph of light over darkness. >>> in fiscal cliff negotiations, it's looking more like president obama could get his way on tax hikes for the wealthy. he met behind closed doors with house speaker john boehner at the white house this afternoon. no word yet on what came out of those talks, but an increasing number of congressional republicans are indicating they'll accept a tax -- >> we have spent all this time talking about revenue, but as we watched our government continue to spend more. this is really about spending. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> across the board tax hikes and spending cuts will automatically kick in if the white house and congress continueeach a deal now in 22 days. >>> dallas cowboys player remains behind bars tonight after a deadly crash that killed a teammate. defensive lineman josh brent is being held on half a million dollars bond. his lawyer called that excessive. police say brent was driving drunk when he crashed his car in the dallas suburb of irving yesterday. tem me tea
FOX News
Dec 6, 2012 8:00am PST
to hammer out a deal over tax hikes and spending cuts as the clock particulars towards that fiscal cliff deadline on january 11. mike emanuel is live. we are still getting hard lines from either side about where they stand on this. what is really happening behind the closed doors? are they closer to a dole? >> reporter: jenna you're right about a lot of tough talk in public, but behind closed doors we know the president, the speaker of the house john boehner had a phone call late yesterday, the first call they had in a week. there has not been much in the way of leaks as to what was discussed. most folks on capitol hill may suggest that no leaks means they are getting down to serious movement on finding a compromise to avert the fiscal cliff. because in public the treasury secretary was asked yesterday if the administration is prepared to go over the fiscal cliff. check this out. >> is the administration prepared to go over the fiscal cliff. >> absolutely. we see no prospects for an agreement that doesn't involve those rates going up on the top 2% of the wealthist. remember it's only 2%.
FOX News
Dec 6, 2012 11:00am EST
to reporters about the looming fiscal cliff. both sides refusing to budge on the big issue of taxes. republican leaders in the house blaming president obama for the lack of action. they're calling on him to initiate face-to-face negotiations. did we say a deal has to be made in the next 25 days. house members are out of town for a long weekend break. fox business network's rich edson is live from washington. so are we seeing any movement in these talks at all, rich? >> some, jon. a house aide says president obama and house speaker john boehner spoke on the phone yesterday afternoon. that is their first conversation in a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts. aides refuse to say if the president and speaker are now closer to a deal. for both sides a little more campaigning. president obama heads to northern virginia this afternoon. the white house says he will meet with a middle class family to press congress to protect those making less than $250,000 a year from tax increases and raise rates on those making more. hou
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